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SmarTrend Watching for Potential Rebound in Shares of Unum Group After 1.78% Loss

By Amy Schwartz

Unum Group (NYSE:UNM) traded in a range yesterday that spanned from a low of $25.94 to a high of $26.25. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $26.42 on volume of 994,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Unum Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Unum Group in search of a potential trend change.

In the past 52 weeks, Unum Group share prices have been bracketed by a current low of $25.94 and a high of $40.76 and are now at $26.07. The 200-day and 50-day moving averages have moved 0.34% lower and 0.92% lower over the past week, respectively.

Keywords: rebounders unum group

Ticker(s): UNM